The Delaware Gazette

Stocks record biggest gains of year; Dow up 218

DG284719_web_031412_stocks

NEW YORK — Bank stocks tur­bocharged a rally across the finan­cial mar­kets Tues­day, and all three major stock indexes posted their biggest gains of the year.

Move by central banks exhilarates Wall Street

A move by the world’s cen­tral banks to lower the cost of bor­row­ing exhil­a­rated investors Wednes­day, send­ing the Dow Jones indus­trial aver­age soar­ing 490 points and eas­ing fears of a global credit cri­sis sim­i­lar to the one that fol­lowed the 2008 col­lapse of Lehman Brothers.

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